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Ripple News: XRP Investment Opportunity Expands with Virtune’s Nasdaq Stockholm ETP Launch

  • Virtune’s XRP ETP Launch on Nasdaq Stockholm Boosts Investment Opportunities for Nordic Investors.
  • Secure, Physically-Backed XRP ETP Now Available with Virtune, Partnered with Coinbase.

Following the update on XRP holdings surge, when 19 banks reported $10.27 billion investment positions as previously reported by CNF, Virtune (AB) is now available for institutional investors interested in exploring the potential of the current and upcoming ETPs for discretionary asset management.

Specifically, in a tweet from Collin Brown today, Nasdaq Stockholm welcomes the Virtune XRP ETP! VIRXRP, fully backed by physical XRP, launches today, catering to Nordic investors via SEK. In addition, partnering with Coinbase as custodian, Virtune offers a secure 1.49% management fee option for both retail and institutional investors.

As the largest stock exchange in the Nordic region, the newly launched Virtune XRP ETP on Nasdaq Stockholm is expected to meet all investor requirements, in the Virtune’s blog announcement, Christopher Kock, CEO of Virtune, stated:

After an eventful 2024 so far for Virtune, during which we have achieved significant progress in terms of growth, product launches, and other distribution-related topics, we are excited to announce the introduction of the first XRP ETP listed on Nasdaq. This innovative product is 100% physically backed with XRP being stored with our custodian Coinbase, and is accessible for both institutional and retail investors through several brokers and banks. This launch fulfills the growing demand among investors looking for a secure and accessible way to invest in XRP.

Reiterating the expected outcome of the investment, for example, Goldman Sachs hedge fund clients pouring $2.8 trillion into XRP, and Goldman Sachs hedge fund clients pouring $2.8 trillion into XRP, and other cryptocurrencies to drive new all-time highs, as previously reported by CNF.

Similarly to this recent expanded investment opportunity, the surged price of XRP is expected; at the time of writing, Ripple (XRP) trades at $0.48 with positive growth, surging by 0.12% in the past day and 1.40% in the past week. See price chart below.

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